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OVERLOOK HEALTH CARE SYSTEMS SIGNS LETTER OF INTENT

 OVERLOOK HEALTH CARE SYSTEMS SIGNS LETTER OF INTENT
 WHITEHALL, Pa., Aug. 19 /PRNewswire/ -- Overlook Health Care


Systems, Inc. (Electronic Bulletin Board: OHCS), announced today that they have signed a letter of intent with Meyers, Pollack, Robbins Inc., a New York investment banking firm, to do a secondary stock offering. Meyers, Pollack, Robbins has agreed on a firm commitment basis to raise up to approximately $6,500,000 for Overlook.
 Overlook Health Care Systems, Inc. provides assisted living facilities to older adults with activities of daily living in a controlled environment. In addition, Overlook also provides private duty nurses, other care services and infusion therapy.
 -0- 8/19/92
 /CONTACT: R. Gordon Mathews, 412-344-7100, of Overlook Health Care, or Michelle Sotnikow of Howard Bronson & Company, 212-867-6160, for Overlook Health Care/
 (OHCS) CO: Overlook Health Care Systems, Inc. ST: Pennsylvania IN: HEA SU:


AH-LR -- NY045 -- 1387 08/19/92 13:48 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
Words:150
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